KBC hits euros for bail-in debt as FIG makes quieter start

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By Frank Jackman
07 Jan 2021

A holding company-level deal from KBC Group on Thursday became the latest in a slew of senior non-preferred and holding company bank issuance in euros this week, in what has been a slow start to the year by FIG market standards.

“The focus is on regulatory capital while funding remains quite cheap via the various available central bank facilities,” said one banker away from the deal.

“For financial institutions, the onus is on ensuring that they can meet their TLAC or MREL needs, rather than raising debt from a ...

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